How to Play This Struggling Retailer

The major benchmarks are all pointed lower ahead of the bell

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Schaeffer's Opening View
10/11/2021
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Stock Futures Lower as Oil Hits Multi-Year Highs


By: Laura McCandless

Wall Street is eyeing a sour start to the week, with futures on the Nasdaq-100 (NDX) down more than 80 points, while the Dow Jones Industrial Average (DJI) and S&P 500 (SPX) are modestly lower as well. Energy stocks are jumping higher, however, as oil prices hit multi-year highs. November-dated crude jumped 2.4% to above $82 -- its highest level since 2014 -- while Brent crude rose to its highest since 2018. As the week continues, investors will be unpacking plenty of quarterly earnings from major banks, though Goldman Sachs (GS) has already kicked things off by lowering its 2022 growth outlook to 4% from 4.4%.

Continue reading for more on today's market, including:

  • A look at Carr stock's recent earnings history
  • Why this struggling retail name could be an interesting play.  
  • Plus, airliner dips after rocky weekend; SBUX receives an upgrade; and CLF enters scrap metal business. 
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